News stories about Blackline (NASDAQ:BL) have trended somewhat positive on Sunday, Accern Sentiment Analysis reports. The research firm identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Blackline earned a media sentiment score of 0.06 on Accern’s scale. Accern also assigned headlines about the technology company an impact score of 43.996926015064 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Shares of Blackline (NASDAQ:BL) traded down 2.28% on Friday, hitting $33.88. The company’s stock had a trading volume of 881,490 shares. The firm’s market cap is $1.78 billion. Blackline has a 52 week low of $21.66 and a 52 week high of $36.53. The stock’s 50-day moving average price is $34.88 and its 200-day moving average price is $32.16.
Blackline (NASDAQ:BL) last released its earnings results on Thursday, August 3rd. The technology company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.12. The company had revenue of $42.30 million for the quarter, compared to analyst estimates of $41.45 million. Blackline had a negative return on equity of 13.96% and a negative net margin of 23.91%. Blackline’s revenue for the quarter was up 45.9% on a year-over-year basis. Equities analysts expect that Blackline will post ($0.17) earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. JMP Securities assumed coverage on shares of Blackline in a research note on Monday, June 26th. They issued a “market perform” rating on the stock. SunTrust Banks, Inc. assumed coverage on shares of Blackline in a research note on Monday, June 26th. They issued a “buy” rating and a $43.00 price objective on the stock. Zacks Investment Research downgraded shares of Blackline from a “buy” rating to a “hold” rating in a research note on Monday, July 10th. BidaskClub upgraded shares of Blackline from a “buy” rating to a “strong-buy” rating in a research note on Thursday. Finally, ValuEngine upgraded shares of Blackline from a “sell” rating to a “hold” rating in a research note on Tuesday, June 20th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $34.78.
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In other news, insider Mario Spanicciati sold 12,750 shares of the stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $33.32, for a total transaction of $424,830.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Therese Tucker sold 20,000 shares of the stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $29.12, for a total value of $582,400.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 151,750 shares of company stock worth $5,067,935.
BlackLine, Inc is a holding company. The Company provides cloud-based software platform that is designed to automate and streamline accounting and finance operations. Its platform supports accounting processes, such as the financial close, account reconciliation, intercompany accounting and controls assurance.
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